Latest Political Risk Headlines
All the headlines from our Political Risk Topic Page, ordered by recency.
Callis Joins Lockton’s DC Office for Political Risk, Structured Credit
Apr 28 2015 // Lockton Companies announced that David Callis has joined its Washington, DC office as Vice President and Producer. He will “work closely with Lockton’s clients and prospects on international risk issues,...
U.S. Judge Upholds Liability of Arab Bank for Terrorist Financing
Apr 13 2015 // A U.S. judge on Wednesday rejected Arab Bank Plc’s bid to overturn a jury verdict finding it liable for knowingly supporting terrorism efforts related to a series of attacks in the Middle East. The Jordan-based bank...
Aon Benfield’s Impact Forecasting Launches New Blast Model for Terrorist Attacks
Mar 18 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, is applying a new blast engineering approach to provide a more realistic understanding of the potential range of losses from a terrorist...
Canadian Pacific Railway’s CEO Says Biggest Crude-by-Rail Fear Is Terrorism
Mar 3 2015 // Hunter Harrison, Canadian Pacific Railway Ltd.’s chief executive officer, said his greatest fear in moving crude by rail is the prospect of a terrorist attack on the company’s trains. “That’s what...
Terrorists Have Shifted from Attacking Airlines to Mass Transit: Study
Mar 2 2015 // Successful terrorists have shifted their focus in recent years away from attacking airlines to attacking subway and rail systems, according to an analysis of terrorist attacks over a 30-year period from 1982 to 2011 by a...
China’s Draft Counter-Terrorism Law Alarms Foreign Technology Firms
Feb 27 2015 // China is weighing a far-reaching counter-terrorism law that would require technology firms to hand over encryption keys and install security “backdoors,” a potential escalation of what some firms view as the...
New Analysis Reveals Political Risk Exposures around the World: Willis
Jan 29 2015 // Willis Group Holdings has published a new analysis from Oxford Analytica in the form of the “VAPOR Political Risk Model,” which, it said, “helps companies assess the financial exposure to a suite of...
Characteristics of ‘Charlie Hebdo’ Attack Thwarted Counter-Terrorism Efforts: RMS
Jan 26 2015 // A number of unique characteristics of the January 7 terrorist attack against satirical French magazine “Charlie Hebdo” allowed terrorists to succeed despite counter-terrorism efforts, according to a new report...
Paris Terror Attacks Not Unexpected; Demand for Political Risk Cover Is Up
Jan 14 2015 // Terrorism, security and political risk experts from Willis provided some broad observations about last week’s terror attacks in Paris and how insurance buyers are responding. “The tragic events in Paris are a...
Businesses Push for Terrorism Insurance Vote When Congress Returns
Dec 24 2014 // Lobbyists for insurers, real estate financiers and businesses launched into action last week to urge quick renewal of a terrorism insurance program in 2015 after U.S. lawmakers left it to expire at the end of this...
USI Insurance Services Launches Terrorism Insurance Underwritten by Lloyd’s
Dec 24 2014 // USI Insurance Services has launched a new terrorism insurance product to address the expiring Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which ends Dec. 31. Unlike TRIPRA however, USI’s Terrorism...
Senate Fails to Renew Terrorism Insurance
Dec 17 2014 // A U.S. program that backstops insurance companies’ losses from acts of terrorism is set to end after the Senate didn’t extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart...
Terrorism Insurance Bill Tagged with Community Bank Provision
Dec 16 2014 // When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve’s board to have community...
Senate Expected to Follow House, Approve Terrorism Insurance Renewal
Dec 15 2014 // Supporters of renewing the federal terrorism reinsurance program are optimistic that the Senate will follow the House and approve it, however the exact day and time of the Senate vote this week remains unclear. In addition...
Senator Criticizes ‘Unclean’ Terrorism Insurance Bill Passed by House
Dec 12 2014 // Democratic U.S. Senator Charles Schumer on Thursday called for the U.S. House of Representatives to extend a federal terrorism insurance program by passing a “clean” bill with no controversial extra...
House Releases Terrorism Insurance Bill But Senate Uncertain
Dec 9 2014 // House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The measure will be brought to...
Congress Weighs Adding Terrorism Insurance to Spending Plan
Dec 9 2014 // Congressional negotiators plan today to release a bipartisan U.S. government spending proposal, just days before current funding ends, after resolving disputes over Republican policy proposals. The House and Senate intend...
Congress Said Close to Deal to Renew Terrorism Insurance
Dec 4 2014 // Lawmakers are close to extending a federal program that covers a portion of corporations’ losses from acts of terrorism, according to three congressional aides. House Financial Services Committee Chairman Jeb...
XL’s New Standalone Terrorism Policy Addresses TRIPRA Gaps
Dec 3 2014 // XL Group’s U.S. Crisis Management business has introduced a new standalone terrorism insurance policy intended to help U.S. businesses address potential gaps in coverage provided by the Terrorism Risk Insurance...
No Ratings Impact from UK’s Counter-Terrorism/Security Bill: A.M. Best
Dec 1 2014 // A bulletin from A.M. Best indicates that it “does not expect rated insurers to be impacted by the amendments to the UK’s Counter-Terrorism and Security Bill, making it illegal for insurers to reimburse ransom...
